Ola Introduces ‘Ola Graduate Fellowship Program’ at IIT Bombay

Bhavish Aggarwal, the founder of Ola, recently addressed a gathering of over 3000 students at IIT Bombay. During the interaction, he announced the initiation of the "Ola Graduate Fellowship Program," aimed at fostering talent in the field of Artificial Intelligence (AI).

Aggarwal shared that the fellowship program will commence with a focus on AI researchers at IIT Bombay, intending to later expand its scope across various engineering disciplines. The program will be inclusive, extending its reach to students in leading educational institutions across India. The primary objective is to cultivate the intellect of young minds, contributing to India's pursuit of global leadership.

“As we know it, AI will transform everything, from economy to culture. Today, India is at the ground zero of a massive AI revolution. India has its own unique challenges and opportunities and context and hence we have to build our own AI. And we at Ola, are committed to making the best AI in the world,” wrote Aggarwal on LinkedIn. 

Aggarwal's AI startup, Krutrim, recently raised $50 million at a valuation of $1 billion from prominent investors, including Matrix Partners India, establishing itself as India's fastest unicorn and the country’s first AI unicorn. Aggarwal further announced that Krutrim is set to release its product next week.

Krutrim, derived from the Sanskrit word for "artificial," is committed to constructing the full AI computing stack. In December 2023, the company unveiled its inaugural set of multilingual large language models (LLM), referred to as Krutrim.